Correa and Lee propose bipartisan bankruptcy relief to protect innocent partners from fraud-related debt and abuse.
Quiver AI Summary
Bill announcement: Rep. Lou Correa, joined by Rep. Laurel Lee, introduced the bipartisan Bankruptcy Relief for Innocent Partners Act. The proposal would change bankruptcy rules so people are not left responsible for fraud-related debt they did not commit or know about.
What the bill would do: The lawmakers said the measure would limit fraud-based nondischargeability to the person who committed the fraud, while allowing “innocent partners” the same chance at debt relief as other bankruptcy filers. It is also described as offering added protection for survivors of domestic or financial abuse.
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